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Mycocycle Raises $3.6 Million to Transform Waste into Sustainable Raw Materials with Fungi

May 27, 2024Facilitate Administratorbiotechnology, company, fungi, Mycocycle, natureinspired, organic, that, transform, uses, womanowned

Mycocycle, a nature-inspired, woman-owned biotechnology company that uses fungi to transform organic waste into reusable materials, announced an oversubscribed $3.6 million Seed extension. The funding brings Mycocycle to $7.3 million raised to date and follows the company’s announcement of a $2.2 million Seed round one year ago. In a news release, Mycocycle said it will…

New Independent Contractor Rule Impacts Roofers in March

If you’re a roofing contractor that uses subs, a new rule announced by the U.S. Department of Labor (DOL) on Jan. 9 could impact the way you do business. This final rule is in keeping with the agency’s proposed rule from October 2022, and it aligns with the “totality of circumstances” parameters for classifying workers.…